https://mises.org/daily/6097/
There is no clearer demonstration of the essential identity of the
two political parties than their position on the minimum wage. The
Democrats proposed to raise the legal minimum wage from $3.35 an hour,
to which it had been raised by the Reagan administration during its
allegedly free-market salad days in 1981. The Republican counter was to
allow a "subminimum" wage for teenagers, who, as marginal workers, are
the ones who are indeed hardest hit by any legal minimum.
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